1、European Student Accommodation 2022SPOTLIGHTSavills ResearchSavills Operational Capital MarketsWebsiteSocialKey PointsThis represents a 130%increase on the same period in 2021.The strong level of investment has been driven by major portfolio transactions across the continent.Around a third of deals

2、in 2022 have been forward funding transactions,which have been more prevalent in newer markets where there is limited institutional-grade stock.This ranges from 3.5%in Copenhagen to 6.0%in Sevilla.Yields have remained stable over the past 12 months.Rising demand and limited supply have driven rental

3、 growth across Europe.The strongest growth over the past 12 months has been in Poland,where cities have seen growth of between 16%and 22%.The majority of European markets have seen growth of international students over the past year,with Netherlands seeing the strongest growth at 11%.The southern Eu

4、ropean cities,and Dublin,will lead the demographic growth in this age group:e.g.Barcelona 2.3%,Madrid 2.0%,Valencia 1.5%,Malaga 1.4%,Dublin 1.3%Lisbon and Milan 1.1%.European Student Accommodation 2022European Student Accommodation 2022There is continued strong investor interest in Purpose Built Stu

5、dent Accommodation(PBSA)across Europe,driven by rising total numbers of students attending university and a strong growth in international student numbers.We expect this trend to continue over the coming years,as the number of young people(15-19 year-olds)is forecast to rise by 5.8%by 2027.At the sa

6、me time,many European markets are facing a significant undersupply of PBSA stock,which is resulting in strong rental growth.These factors are driving investment in the sector,which has risen by 16%in 2022(until Q3)compared with 2021.The average provision rate across European cities is currently 12.5